Trade Desk Inc (NASDAQ:TTD) – SunTrust Banks lowered their FY2017 earnings per share estimates for Trade Desk in a research report issued on Monday. SunTrust Banks analyst Y. Squali now forecasts that the technology company will post earnings per share of $1.35 for the year, down from their prior estimate of $1.36. SunTrust Banks has a “Buy” rating and a $55.00 price objective on the stock. SunTrust Banks also issued estimates for Trade Desk’s Q1 2018 earnings at $0.03 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.64 EPS, FY2018 earnings at $1.52 EPS, FY2019 earnings at $2.04 EPS, FY2020 earnings at $2.69 EPS and FY2021 earnings at $3.41 EPS.
Other equities research analysts have also recently issued reports about the company. Cantor Fitzgerald restated a “buy” rating and set a $62.00 target price on shares of Trade Desk in a report on Thursday, September 21st. BidaskClub upgraded Trade Desk from a “hold” rating to a “buy” rating in a report on Tuesday, September 12th. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target (up previously from $62.00) on shares of Trade Desk in a research report on Thursday, October 5th. Zacks Investment Research raised Trade Desk from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Tuesday, October 17th. Finally, Vetr lowered Trade Desk from a “strong-buy” rating to a “buy” rating and set a $71.92 price target for the company. in a research report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Trade Desk currently has an average rating of “Buy” and an average target price of $67.07.
Trade Desk (NASDAQ:TTD) last issued its earnings results on Thursday, November 9th. The technology company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.15. The company had revenue of $79.40 million during the quarter, compared to analysts’ expectations of $76.84 million. Trade Desk had a return on equity of 24.34% and a net margin of 15.93%. Trade Desk’s quarterly revenue was up 49.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 EPS.
In other news, CEO Jeffrey Terry Green sold 9,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $66.26, for a total value of $596,340.00. Following the completion of the transaction, the chief executive officer now owns 99,400 shares of the company’s stock, valued at approximately $6,586,244. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert David Perdue sold 7,500 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $48.08, for a total value of $360,600.00. Following the completion of the transaction, the chief operating officer now directly owns 97,983 shares of the company’s stock, valued at approximately $4,711,022.64. The disclosure for this sale can be found here. Insiders have sold a total of 151,894 shares of company stock valued at $9,180,577 in the last ninety days. 26.87% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. grew its stake in shares of Trade Desk by 6.5% in the 2nd quarter. Alliancebernstein L.P. now owns 2,003,888 shares of the technology company’s stock worth $100,415,000 after buying an additional 122,774 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Trade Desk by 79.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,995,138 shares of the technology company’s stock worth $99,976,000 after buying an additional 885,916 shares during the last quarter. FMR LLC boosted its stake in Trade Desk by 12.7% during the 2nd quarter. FMR LLC now owns 1,575,792 shares of the technology company’s stock valued at $78,963,000 after purchasing an additional 178,092 shares during the last quarter. Lord Abbett & CO. LLC boosted its stake in Trade Desk by 109.6% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,432,273 shares of the technology company’s stock valued at $71,771,000 after purchasing an additional 748,795 shares during the last quarter. Finally, Williams Jones & Associates LLC boosted its stake in Trade Desk by 12.3% during the 2nd quarter. Williams Jones & Associates LLC now owns 984,925 shares of the technology company’s stock valued at $49,355,000 after purchasing an additional 108,236 shares during the last quarter. Institutional investors own 65.46% of the company’s stock.
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Trade Desk Company Profile
The Trade Desk, Inc is a technology company. The Company provides a self-service platform that enables clients to purchase and manage digital advertising campaigns across various advertising formats, including display, video and social, and on a range of devices, including computers, mobile devices and connected television.
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